Sports
February 15, 2023
By Nandini Sharma
Finally, the ongoing drama between Derek Carr and the Raiders has officially ended.
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As per ESPN's Adam Schefter, Carr has been formally dismissed by the Raiders.
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Raiders made this decision before the quarterback's $40.4 million contract turned guaranteed on Tuesday.
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This summer, Carr will have a number of potential buyers.
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This Includes the Carolina Panthers and New Orleans Saints, both of which are in urgent need of a quarterback.
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When the news emerged, NFL Experts instantly explained how Carr's Waiving might affect the Raiders.
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"Releasing Derek Carr clears $29.25M in 2023 cap space for the Raiders, who are now in the neighborhood of $50M to work with this offseason," ESPN's Field Yates said.
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"Releasing Derek Carr creates $29.25 million in cap space for the Raiders, who will carry just a $5.625 million dead-money cap charge for him in 2023," ESPN's Dan Graziano said.
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He added, "Once his release is official, Carr is free to sign with any team at any time. He does not have to wait until March 15th."
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Carr completed 60% of his throws for 35,222 yards and a 217 to 99 touchdown to interception ratio in his nine seasons with the Raiders.
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